Russia's Sberbank ready to support indebted Croatia's food concern

Russia's Sberbank ready to support indebted Croatia's food concern
 

Russia's state bank Sberbank (SBER.MM) said on Monday it was ready to financially support the restructuring of indebted Croatian food concern Agrokor [AGROK.UL].
Agrokor, Croatia's biggest private company and thebiggest food producer and retailer in the Balkans, is underpressure from investors and the Zagreb government to clear upits debt problems, which could destabilise the local economy. Sberbank is one of its major creditors.
"Despite current difficulties in (Agrokor's) business operations, Sberbank continues to give financial support aimed at stabilising Agrokor's business,"... read more

 
20 March 2017 in Business, Views: 43
Source: Reuters
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